WINTON GROUP Ltd lowered its position in Verizon Communications Inc. (NYSE:VZ) by 60.1% during the third quarter, HoldingsChannel.com reports. The fund owned 22,401 shares of the cell phone carrier’s stock after selling 33,809 shares during the quarter. WINTON GROUP Ltd’s holdings in Verizon Communications were worth $1,109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VZ. Zeke Capital Advisors LLC lifted its stake in Verizon Communications by 111.3% in the 3rd quarter. Zeke Capital Advisors LLC now owns 61,299 shares of the cell phone carrier’s stock valued at $3,034,000 after buying an additional 32,285 shares in the last quarter. Amalgamated Bank lifted its stake in Verizon Communications by 2.1% in the 3rd quarter. Amalgamated Bank now owns 480,954 shares of the cell phone carrier’s stock valued at $23,802,000 after buying an additional 9,671 shares in the last quarter. Twin Capital Management Inc. lifted its stake in Verizon Communications by 8.2% in the 3rd quarter. Twin Capital Management Inc. now owns 288,055 shares of the cell phone carrier’s stock valued at $14,256,000 after buying an additional 21,800 shares in the last quarter. LVW Advisors LLC lifted its stake in Verizon Communications by 24.7% in the 3rd quarter. LVW Advisors LLC now owns 71,061 shares of the cell phone carrier’s stock valued at $3,517,000 after buying an additional 14,095 shares in the last quarter. Finally, Cadence Capital Management LLC lifted its stake in Verizon Communications by 2.3% in the 3rd quarter. Cadence Capital Management LLC now owns 278,209 shares of the cell phone carrier’s stock valued at $13,769,000 after buying an additional 6,243 shares in the last quarter. Institutional investors and hedge funds own 63.31% of the company’s stock.

Verizon Communications Inc. (VZ) opened at $50.08 on Wednesday. Verizon Communications Inc. has a 52 week low of $42.80 and a 52 week high of $54.77. The firm has a market capitalization of $204,300.00, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.54.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings results on Tuesday, January 23rd. The cell phone carrier reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). The business had revenue of $33.96 billion for the quarter, compared to analysts’ expectations of $33.20 billion. Verizon Communications had a return on equity of 48.97% and a net margin of 23.88%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. sell-side analysts expect that Verizon Communications Inc. will post 4.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.71%. The ex-dividend date was Tuesday, January 9th. Verizon Communications’s dividend payout ratio (DPR) is currently 72.39%.

A number of research firms recently issued reports on VZ. KeyCorp upped their target price on Verizon Communications from $50.00 to $53.00 and gave the company a “sector weight” rating in a research note on Tuesday, January 2nd. Macquarie reaffirmed a “hold” rating and issued a $54.00 target price on shares of Verizon Communications in a research note on Wednesday, January 24th. SunTrust Banks upped their target price on Verizon Communications to $58.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Bank of America upped their target price on Verizon Communications from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. upped their target price on Verizon Communications from $52.00 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $53.51.

In related news, EVP Craig L. Silliman sold 610 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $47.41, for a total value of $28,920.10. Following the transaction, the executive vice president now directly owns 3,269 shares of the company’s stock, valued at approximately $154,983.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.13% of the company’s stock.

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About Verizon Communications

Verizon Communications Inc is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States.

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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